Silver is TANKING! -10%

Selling the PM's to pay for the margin calls?

Time to buy. I just ordered a shiznit load of silver and a gaggle of gold grams.

Once the asset based dollar is released I’ll retire.

Approximately 50% of silver demand is industrial and another 25% is for jewelry. What do you suppose is happening to demand from those two buyers right now?

[link to www.jmbullion.com (secure)]

No not time to buy.


Puppetmasters are beginning to sell off.


Let 'em die.


Then buy.

-11.5%

Oil is tanking too.. Gold is starting the downward trend as well..

I just visited APMEX and even the low demand 1 oz. silver rounds and bars are selling for spot+ $8, for in-stock inventory.

You can "order" 1 oz. rounds for delivery in mid-April, for spot+ $2.

In-stock 1 oz. American Silver Eagles are selling for spot+ $7.50

There are very few 1 oz. silver products available. I don't think Apmex really wants to sell at their old price model of spot+ $2 +/-, unless you order for future delivery (April 16). This is probably because their COST is higher than the market price, today.

Even worse on Ebay. No one is selling at normal spot +. Prices are around $22 oz.

The bottom line is, you may not be able to buy these dips, as sellers apparently don't want to part with PMs at this current market pricing. Maybe as spot price moves up, more products will be available. However I believe demand is going skyrocket, very soon.